Doing business in Barbados is straightforward. You can start the process of setting up your business in Barbados by visiting the Corporate Affairs and Intellectual Property Office’s web-site at http://www.caipo.gov.bb/.
The provision of Corporate Services and Corporate Trust services are now governed by the provisions of the Corporate Trust and Service Providers Act. SCAS provides this service through a related entity Limestone Capital SRL.
Below is the basic information regarding the incorporation of a Company in Barbados.
Incorporating in Barbados
Incorporating a company in Barbados is relatively simple. Anyone who meets the definitions that are set out in section 4(2)of the Companies Act may incorporate a company in Barbados. These requirements are:
- The person(s) must be over 18 years old;
- The person(s) must not be of unsound mind and has been so found by a tribunal in Barbados or elsewhere; or
- The person(s) may not be bankrupt at the time of incorporation.
The incorporation and maintenance fees for companies are shown in the following table.
| Document Number | Description | BBD$ | US$ | Euros | CAD$ |
| Form 33 | Name Search | 30.00 | 15.00 | 12.20 | 19.00 |
| Form 1 | Articles of Incorporation | 750.00 | 325.00 | 304.85 | 475.20 |
| Form 4 | Notice of Registered Office | 25.00 | 12.50 | 10.20 | 15.85 |
| Form 9 | Notice of Director | 25.00 | 12.50 | 10.20 | 15.85 |
| Form 9a | Notice of Secretary | 25.00 | 12.50 | 10.20 | 15.85 |
| Form 35 | Annual Return | 100.00 | 12.50 | 40.70 | 63.40 |
A company is incorporated by filing Forms 1, 4, 9 and 33 by paying the fees prescribed for Forms 1 and 33 only. The fees for forms 4, 9 and 9a are payable whenever the corporate records of the company needs to be updated.
Additionally, business may be conducted using the following forms:
- Society with Restricted Liabilities (SRL)
- Partnerships
- Limited Partnerships
- Registered Business Names.
Additionally, a non-resident company may conduct business in Barbados by having itself registered as a non-resident company without forming a subsidiary. Alternately, depending on its jurisdiction, a foreign company may be migrated to Barbados and surrender its charter in its original jurisdiction.